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Net Devices Inc $\text { INCOME STATEMENTS ( } \$ \text { in thousands) }$

question 39

Multiple Choice

Net Devices Inc. The following balance sheets and income statements are for Net Devices Inc., a manufacturer of small electronic devices, including calculators, personal digital assistants and mp3 players. For purposes of these questions assume that the company has an effective tax rate of 35%.
$Net Devices Inc. The following balance sheets and income statements are for Net Devices Inc., a manufacturer of small electronic devices, including calculators, personal digital assistants and mp3 players. For purposes of these questions assume that the company has an effective tax rate of 35%. \text { INCOME STATEMENTS ( } \$ \text { in thousands) } \begin{array}{c} \begin{array}{lll} \text { Fiscal year end}\\ \text { Net sales}\\ \text { Cost of Goods Sold}\\ \text { Gross profit}\\ \\ \text { Selling, general \& admin. Exp.}\\ \text { Income before deprec. \& amort.}\\ \\ \text { Depreciation \& amortization}\\ \text { Interest expense}\\ \\ \text { Income before tax}\\ \text { Provision for income taxes}\\ \text { Minority interest}\\ \\ \text { Net income}\\ \\ \text { Outstanding shares (in thousands) }\\ \text { Preferred Dividends (in thousands) } \end{array} \begin{array}{l} 2011 \\ \$ 11,455,500 \\ \underline{(8.026 .450) }\\ {3,429,050} \\ \\ \underline{(1.836 .400) }\\ {1,592,650} \\ \\ (785,250) \\ \underline{(46.195) } \\ \\ 761,205 \\ (157,725) \\ \underline{\quad\quad-}\\ \\ \underline{\$603.480} \\ \\ 308,515 \\ \$ 85000 \\ \end{array} \begin{array}{l} 2010 \\ \$ 11,082,100 \\ \underline{(7.940 .065) }\\ {3,142,035} \\ \\ \underline{(1,789,200) }\\ {1,352,835} \\ \\ (757,250) \\ \underline{(43,340) }\\ \\ 552,245 \\ (112,290) \\ \underline{\quad\quad-}\\ \\ \underline{ \$ 439.955} \\ \\ 303,095 \\ \$ 85,000 \end{array} \end{array} - Refer to the information for Net Devices Inc. What is the rate of return on assets for Net Devices for 2011? A) 11.64% B) 14.50% C) 12.60% D) 13.88%$
$\text { INCOME STATEMENTS ( } \$ \text { in thousands) }$

$\begin{array}{c}\begin{array}{lll} \text { Fiscal year end}\\ \text { Net sales}\\ \text { Cost of Goods Sold}\\ \text { Gross profit}\\\\ \text { Selling, general \& admin. Exp.}\\ \text { Income before deprec. \& amort.}\\\\ \text { Depreciation \& amortization}\\ \text { Interest expense}\\\\ \text { Income before tax}\\ \text { Provision for income taxes}\\ \text { Minority interest}\\\\ \text { Net income}\\\\ \text { Outstanding shares (in thousands) }\\ \text { Preferred Dividends (in thousands) }\end{array}\begin{array}{l}2011 \\\$ 11,455,500 \\\underline{(8.026 .450) }\\{3,429,050} \\\\\underline{(1.836 .400) }\\{1,592,650} \\\\(785,250) \\\underline{(46.195) } \\\\761,205 \\(157,725) \\\underline{\quad\quad-}\\\\\underline{\$603.480} \\\\308,515 \\\$ 85000 \\ \end{array}\begin{array}{l}2010 \\\$ 11,082,100 \\\underline{(7.940 .065) }\\{3,142,035} \\\\\underline{(1,789,200) }\\{1,352,835} \\\\(757,250) \\\underline{(43,340) }\\\\552,245 \\(112,290) \\\underline{\quad\quad-}\\\\\underline{ \$ 439.955} \\\\ 303,095 \\\$ 85,000 \end{array}\end{array}$
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Refer to the information for Net Devices Inc. What is the rate of return on assets for Net Devices for 2011?

Identify the characteristics of a highly progressive tax system.

Understand the relationship between living standards and birthrates.

Grasp the stages and effects of demographic transition.

Comprehend the factors influencing population growth and its implications on resources.

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Net Devices Inc INCOME STATEMENTS ( $ in thousands) \text { INCOME STATEMENTS ( } \$ \text { in thousands) } INCOME STATEMENTS ( $ in thousands)

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Net Devices Inc $\text { INCOME STATEMENTS ( } \$ \text { in thousands) }$